[美股财报]：trailblazer merger corp i-尊龙凯时人生就博

securities registered pursuant to section 12(b) of the act: check whether the issuer (1) filed all reports required to be filed by section 13 or 15(d) of the exchange act duringthe past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. yes☒no☐ indicate by check mark whether the registrant has submitted electronically every interactive data file required to besubmitted pursuant to rule 405 of regulation s-t (§232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files). yes☒no☐ indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company or an emerging growth company. see definitions of “large accelerated filer”,“accelerated filer”, “smaller reporting company”, and “emerging growth company” in rule 12b-2 of the exchangeact. if an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant tosection 13(a) of the exchange act.☐ indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the exchange act).yes☒no☐ as of may 12, 2025, there were 4,499,115 shares of class a common stock, $0.0001 par value and 1 share ofclass b common stock, $0.0001 par value, issued and outstanding. trailblazer merger corporation i form 10-q for the quarter ended march 31, 2025 table of contents pagepart i. financial information1item 1. interim financial statements1condensed consolidated balance sheets as of march 31, 2025 (unaudited) and december 31,20241condensed consolidated statements of operations for the three months ended march 31, 2025and 2024 (unaudited)2condensed consolidated statements of changes in stockholders’ deficit for the three monthsended march 31, 2025 and 2024 (unaudited)3condensed consolidated statements of cash flows for the three months ended march 31, 2025and 2024 (unaudited)4notes to condensed consolidated financial statements (unaudited)5item 2. management’s discussion and analysis of financial condition and results of operations20item 3. quantitative and qualitative disclosures regarding market risk29item 4. controls and procedures29part ii. other information30item 1. legal proceedings30item 1a. risk factors30item 2. unregistered sales of equity securities and use of proceeds30item 3. defaults upon senior securities30item 4. mine safety disclosures30item 5. other information30item 6. exhibits30part iii. signatures32 part i - financial information trailblazer merger corporation icondensed consolidated balance sheets march 31,2025december31,2024(unaudited) trailblazer merger corporation icondensed consolidated statements of operations(unaudited) trailblazer merger corporation icondensed consolidated statements of cash flows(unaudited) for the three months endedmarch 31,20252024 trailblazer merger corporation inotes to condensed consolidated financial statements (unaudited) note 1. description of organization and business operations trailblazer merger corporation i (the “company”, “we”) is a blank check company incorporated in delaware onnovember 12, 2021. the company was formed for the purpose of effectuating a merger, capital stock exchange,asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses(the “business combination”). as of march 31, 2025, the company has two subsidiaries, trailblazer merger sub ltd, an israeli company and adirect, wholly owned subsidiary of the company incorporated on june 25, 2024, and trailblazer holdings, inc.(“holdings”), a delaware corporation and a direct, wholly owned subsidiary of the company incorporated on july16, 2024. on july 22, 2024, the company entered into a merger agreement, by and among company, trailblazermerger sub, ltd., holdings, and cyabra strategy ltd., a private company organized in israel (“cyabra”) (as it maybe amended and/or restated from time to time, the “merger agreement”). in the merger agreement. the businesscombination transaction is structured as follows: (a) the company shall merge with and into holdings and holdingsshall be the survivor of such merger and (b) the merger subsidiary of the company shall merge with and into thetarget, cyabra, with cyabra being the surviving entity, following which the merger subsidiary will cease to exist and cyabra will become a wholly owned subsidiary of holdings. holdings will be the public company following theclosing of the business combination. as of march 31, 2025, the company has not yet commenced any operations. all activity for the periodnovember 12, 2021 (inception) through march 31, 2025 relates to the company’s formation and the initial publicoffering (the “initial